Lincoln National Corporation $LNC Shares Purchased by Interval Partners LP

Interval Partners LP increased its position in shares of Lincoln National Corporation (NYSE:LNC) by 305.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 616,491 shares of the financial services provider’s stock after acquiring an additional 464,448 shares during the period. Interval Partners LP’s holdings in Lincoln National were worth $27,452,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Lincoln National by 6.3% during the 3rd quarter. Vanguard Group Inc. now owns 19,903,720 shares of the financial services provider’s stock worth $802,717,000 after acquiring an additional 1,183,934 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Lincoln National during the 4th quarter worth about $4,742,000. CSM Advisors LLC acquired a new position in Lincoln National during the 3rd quarter worth about $13,481,000. Oxbow Advisors LLC lifted its stake in Lincoln National by 22.1% during the 4th quarter. Oxbow Advisors LLC now owns 231,208 shares of the financial services provider’s stock worth $10,296,000 after acquiring an additional 41,817 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in Lincoln National by 5.0% during the 3rd quarter. First Trust Advisors LP now owns 4,879,862 shares of the financial services provider’s stock worth $196,805,000 after acquiring an additional 234,415 shares in the last quarter. Institutional investors and hedge funds own 72.81% of the company’s stock.

Insider Activity at Lincoln National

In other news, EVP Craigt T. Beazer sold 30,000 shares of the stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $34.45, for a total value of $1,033,500.00. Following the transaction, the executive vice president owned 103,906 shares in the company, valued at approximately $3,579,561.70. This represents a 22.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on LNC shares. Mizuho decreased their target price on Lincoln National from $54.00 to $48.00 and set an “outperform” rating on the stock in a research note on Monday, April 13th. National Bank Financial set a $40.00 price target on Lincoln National in a report on Thursday, May 21st. Weiss Ratings downgraded Lincoln National from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Morgan Stanley cut their price target on Lincoln National from $43.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Finally, Bank of America cut their price target on Lincoln National from $41.00 to $37.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. Five investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $43.00.

Lincoln National Price Performance

Shares of NYSE LNC opened at $37.37 on Thursday. The stock’s 50-day moving average is $35.83 and its two-hundred day moving average is $38.50. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.25 and a quick ratio of 0.25. Lincoln National Corporation has a 1-year low of $31.69 and a 1-year high of $46.82. The company has a market cap of $7.14 billion, a price-to-earnings ratio of 4.33, a price-to-earnings-growth ratio of 2.44 and a beta of 1.17.

Lincoln National (NYSE:LNC) last issued its quarterly earnings results on Thursday, May 7th. The financial services provider reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.08. Lincoln National had a return on equity of 18.07% and a net margin of 9.17%.The company had revenue of $4.87 billion for the quarter, compared to the consensus estimate of $4.93 billion. During the same quarter in the prior year, the business earned $1.60 EPS. Lincoln National’s revenue was up 13.1% on a year-over-year basis. Analysts forecast that Lincoln National Corporation will post 7.72 EPS for the current fiscal year.

Lincoln National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be issued a $0.45 dividend. The ex-dividend date is Friday, July 10th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.8%. Lincoln National’s dividend payout ratio is presently 20.88%.

Lincoln National Company Profile

Lincoln National Corporation, doing business as Lincoln Financial Group, is a diversified financial services holding company focused on providing retirement, insurance, and wealth management solutions in the United States and select international markets. Headquartered in Radnor, Pennsylvania, the company operates through several business segments, including Retirement Plan Services, Life Insurance, and Group Protection. Its offerings are designed to help individuals, families, and institutions plan and prepare for their financial futures.

The Retirement Plan Services segment delivers recordkeeping, administrative services, and investment management for defined contribution and defined benefit plans.